Vinge in Stockholm and Brazilian firm Pinheiro Neto Advogados have helped Swedish asset manager FAM acquire Sandvik Process Systems' steel belt business, in the Brazilian leg of a US$590 million multijurisdictional deal.
Sandvik, a Swedish engineering group, enlisted Brazilian firm Demarest Advogados. Roschier in Stockholm is thought to have advised Sandvik, but this could not be confirmed prior to publication. The deal, which includes assets in the Americas, Asia and Europe, closed on 1 December.
Sandvik decided to divest its steel belt-based production business to focus on its core assets. Steel belts are used in various industries to move products during the production process.
FAM is owned by the three largest Wallenberg Foundations, which were founded by prominent Swedish business family the Wallenbergs.
Counsel to FAM
Partners Jonas Johansson, Eva Fredriksson and Assur Badur, counsel Matthias Pannier and Johan Cederblad, and associates Karl Klackenberg, Mathilda Persson, Johanna Wiberg, Sara Strandberg, Sofia Ekdahl, Grant McKelvey, Johan Wahlbom, Isabell Nielsen, Rebecka Weitzberg, Karin Virding, Linn Adelwald, Carolina Sandell, Jasmin Draszka-Ali, Hedvig Ekdahl, Olof Johannesson and Siri Dunér in Stockholm
Pinheiro Neto Advogados
Partner Fernando Alves Meira and associate João Vitor Crepaldi in São Paulo
Counsel to Sandvik
Partners Lucas Tavares Bueno, Douglas Mota, Carlos Eduardo Orsolon, Renato Canizares, Claudio Mattos and Renato Poltronieri, and associates Leticia Hailer, Débora Sejtman, Ademilson Viana and Camila Smith in São Paulo